Oaktree Capital Group LLC Unit (NYSE:OAK) Major Shareholder Purchases $400,000.00 in Stock

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Oaktree Capital Group LLC Unit (NYSE:OAK) major shareholder Oaktree Capital Group Holdings bought 100,000 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $4.00 per share, with a total value of $400,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Oaktree Capital Group Holdings also recently made the following trade(s):

  • On Monday, August 12th, Oaktree Capital Group Holdings bought 20,899 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.03 per share, with a total value of $84,222.97.
  • On Monday, August 5th, Oaktree Capital Group Holdings bought 200,000 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.24 per share, with a total value of $848,000.00.
  • On Friday, August 2nd, Oaktree Capital Group Holdings bought 150,000 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.44 per share, with a total value of $666,000.00.
  • On Monday, July 29th, Oaktree Capital Group Holdings bought 150,000 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.62 per share, with a total value of $693,000.00.
  • On Thursday, July 25th, Oaktree Capital Group Holdings bought 1,000,000 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.76 per share, with a total value of $4,760,000.00.
  • On Wednesday, June 12th, Oaktree Capital Group Holdings bought 27,300 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.67 per share, with a total value of $127,491.00.
  • On Wednesday, June 5th, Oaktree Capital Group Holdings bought 500,000 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.70 per share, with a total value of $2,350,000.00.
  • On Monday, June 3rd, Oaktree Capital Group Holdings bought 76,800 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.62 per share, with a total value of $354,816.00.
  • On Thursday, May 30th, Oaktree Capital Group Holdings bought 32,509 shares of Oaktree Capital Group LLC Unit stock. The shares were bought at an average cost of $4.62 per share, with a total value of $150,191.58.

Oaktree Capital Group LLC Unit stock opened at $51.20 on Friday. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $51.80. The firm has a 50 day moving average price of $50.42 and a 200-day moving average price of $48.27. The company has a market capitalization of $8.15 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.46 and a beta of 0.53. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.84.

Oaktree Capital Group LLC Unit (NYSE:OAK) last released its earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.07). The company had revenue of $313.48 million for the quarter, compared to the consensus estimate of $311.80 million. Oaktree Capital Group LLC Unit had a net margin of 17.16% and a return on equity of 18.93%. The firm’s revenue was up 47.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts expect that Oaktree Capital Group LLC Unit will post 3.49 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $47.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OAK. JPMorgan Chase & Co. boosted its holdings in Oaktree Capital Group LLC Unit by 751.1% in the 1st quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock worth $162,442,000 after buying an additional 2,887,319 shares during the period. BlackRock Inc. bought a new position in Oaktree Capital Group LLC Unit in the 2nd quarter worth approximately $74,685,000. Bank of Montreal Can boosted its holdings in Oaktree Capital Group LLC Unit by 374.4% in the 2nd quarter. Bank of Montreal Can now owns 1,627,966 shares of the asset manager’s stock worth $80,650,000 after buying an additional 1,284,803 shares during the period. Bank of America Corp DE boosted its holdings in Oaktree Capital Group LLC Unit by 142.8% in the 2nd quarter. Bank of America Corp DE now owns 2,045,336 shares of the asset manager’s stock worth $101,327,000 after buying an additional 1,202,979 shares during the period. Finally, Water Island Capital LLC bought a new position in Oaktree Capital Group LLC Unit in the 1st quarter worth approximately $55,303,000. 32.17% of the stock is owned by institutional investors.

About Oaktree Capital Group LLC Unit

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Insider Buying and Selling by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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